Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-03-15-Speech-3-283"

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"en.20060315.23.3-283"2
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"Mr President, ladies and gentlemen, the process of industrial and financial concentration can strengthen the European Union on the world stage. In certain cases and for certain phases this process can usefully occur through national channels, but all too often these are defensive and run the risk of triggering a dangerous spiral of protectionism that must absolutely be stopped. We have to move the legal framework further and promote greater convergence of national regulations for mergers and acquisitions, otherwise the race for reciprocity clauses will swamp all these countries beneath more closed and protective legislation. Finally, we will inevitably have oligopolistic structures in certain sectors, for example in the energy sector. These structures must not be collusive or unfavourable to consumers, nor must public control of certain companies facilitate market abuse. In conclusion, we need the regulatory authority to be strengthened and integrated, antitrust to be strengthened and, in the immediate term, a more active and effective attitude from the Commission."@en1

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